China Finance Online (NASDAQ:JRJC) Shares Gap Down to $13.88

China Finance Online Co. Limited (NASDAQ:JRJC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.88, but opened at $11.85. China Finance Online shares last traded at $12.15, with a volume of 1,503 shares trading hands.

The business’s fifty day moving average price is $11.11 and its 200-day moving average price is $9.32. The stock has a market cap of $29.99 million, a PE ratio of -5.31 and a beta of 1.57.

China Finance Online (NASDAQ:JRJC) last released its quarterly earnings data on Tuesday, December 29th. The financial services provider reported ($0.66) earnings per share for the quarter. China Finance Online had a negative net margin of 21.40% and a negative return on equity of 53.00%. The company had revenue of $10.70 million for the quarter.

An institutional investor recently raised its position in China Finance Online stock. Morgan Stanley lifted its position in China Finance Online Co. Limited (NASDAQ:JRJC) by 30.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,904 shares of the financial services provider’s stock after buying an additional 24,901 shares during the period. Morgan Stanley owned approximately 4.42% of China Finance Online worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.43% of the stock is currently owned by institutional investors.

China Finance Online Company Profile (NASDAQ:JRJC)

China Finance Online Co Limited; together with its subsidiaries, provides web-based financial services in the People's Republic of China (PRC) and Hong Kong. The company operates through three segments: Commodities Brokerage Services; Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services.

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